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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB4948
Introduced , by Rep. Karen A. Yarbrough SYNOPSIS AS INTRODUCED:
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15 ILCS 520/4 |
from Ch. 130, par. 23 |
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Amends the Deposit of State Moneys Act. Makes a technical change in a Section
concerning classes of depositaries.
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A BILL FOR
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HB4948 |
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LRB095 14895 RCE 40838 b |
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| AN ACT concerning State government.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Deposit of State Moneys Act is amended by |
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| changing Section 4 as follows:
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| (15 ILCS 520/4) (from Ch. 130, par. 23)
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| Sec. 4. There shall be two classes of depositaries, time |
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| deposit and
and demand
deposit, and separate proposals shall be |
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| obtained for each class. In
calling for proposals the State |
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| Treasurer shall indicate that separate
quotations of rates of |
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| interest may be made upon such State moneys as shall
be |
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| deposited in such bank or savings and loan association and |
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| permitted
to remain without diminution for
30, 60 or 90 days, |
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| or for longer periods. |
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| (Source: P.A. 83-541.)
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